Canary Wharf owner Brookfield buys Center Parcs
After all the effort Brookfield put into buying Songbird, the parent company of Canary Wharf, it's clearly in need of some leisure time: the Canadian investor has just bought Center Parcs from Blackstone.
Read more: Brookfield – Center Parcs' next big owner
Although its price was undisclosed, it is thought Brookfield paid somewhere in the region of £2.5bn for the leisure chain, which operates five "short break" destinations across the UK.
Center Parcs had been exploring a potential IPO, but today its chief executive, Martin Dalby, said Center Parcs "is in very good hands" with Brookfield.
Ric Clark, Brookfield's chief executive, said added that there were "compelling opportunities" around the chain.